Myvesta UK Articles

I receive many emails and queries from people struggling with their debts asking if it is better for them to make themselves bankrupt, or wait until a creditor does this to them; the answer is the outcome is the same, but the complications are in other areas such as timelines, costs, and other factors.

Over the years I have heard some sad stories from people regarding their finances and debts and I also have heard some crazy ideas or notions people have about bankruptcy.

Maybe it is the time of the year, or the time of life, but I have had a large number of queries from people with UK debts that are residing outside the UK and have done so for quite a few years.

Maybe it is the time of the year, or the time of life, but I have had a large number of queries from people with UK debts that are residing outside the UK and have done so for quite a few years.

I have been hearing form more and more people who have made themselves bankrupt or been made bankrupt that have property.

Property in a bankruptcy does bring up a few issues, one of them is the possibility of losing the property.

A while back I asked people to email me their bankruptcy experiences to share with others and I had posted a few, here are a few more:

I am asked by many people can they handle their bankruptcy on their own, DIY, and the answer is yes, you can.

I have previously outlined the process of bankruptcy and what is involved, however many people contact me with questions regarding the actual bankruptcy forms.

As more people file for bankruptcy I receive more and more queries regarding the costs involved in going bankrupt, and recently the fees have increased. 

I know it seems a bit silly, here I am insolvent, cannot meet my obligations and I have to pay the courts to become bankrupt, but it is a fact.

As predicted personal insolvencies have risen, this time by 28% over last year’s third quarter results.

This also is a 6.6% increase over the previous three (3) months.